American Outdoor Brands (AOUT) reported earnings on Thur 15 July 21 (a/h)

 

American Outdoor Brands beats by $0.11, reports revs in-line; guides FY22 EPS in-line, revs in-line

• Reports Q4 (Apr) earnings of $0.34 per share, excluding non-recurring items, $0.11 better than the S&P Capital IQ Consensus of $0.23; revenues rose 49.6% year/year to $64.47 mln vs the $64.97 mln S&P Capital IQ Consensus.
• Co issues in-line guidance for FY22, sees EPS of $2.02-2.26, excluding non-recurring items, vs. $2.13 S&P Capital IQ Consensus; sees FY22 revs of $280-295 mln vs. $284.8 mln S&P Capital IQ Consensus.

American Outdoor Brands (AOUT) reported earnings on Wed 17 March 21 (a/h)

 ** charts after earnings **

 

 

 

American Outdoor Brands beats by $0.46, beats on revs; guides FY21 EPS above consensus, revs above consensus

Reports Q3 (Jan) earnings of $0.82 per share, $0.46 better than the S&P Capital IQ Consensus of $0.36; revenues rose 90.8% year/year to $82.6 mln vs the $58.57 mln S&P Capital IQ Consensus.

Co issues upside guidance for FY21, sees EPS of $2.08-$2.15 vs. $1.68 S&P Capital IQ Consensus; sees FY21 revs of $268-$272 mln vs. $244.07 mln S&P Capital IQ Consensus.

"...Net sales across our portfolio of authentic outdoor brands grew by 91%, exceeding our expectations for quarterly net sales and net income. In addition, gross margins expanded by 110 basis points to over 45%. Growth occurred in nearly all of our 20 brands, and our top selling products in the quarter came from each of our four brand lanes - the Marksman, Defender, Harvester, and Adventurer - reflecting the alignment of our brands with strong consumer participation trends in personal protection and the outdoor lifestyle activities we serve..."

-=American Outdoor Brands (AOBC) to change name to Smith & Wesson Brands; to trade under ticker symbol "SWBI"

• Smith & Wesson Brands (SWBI)
• American Outdoor Brands (AOUT)

The decision to split off the firearm business was partly motivated by a changing political climate.


American Outdoor Brands to change name to Smith & Wesson Brands, effective June 1; to trade under ticker symbol "SWBI"

American Outdoor Brands will change its name to Smith & Wesson Brands, effective June 1.

• The name change reflects the company's preparation for the previously announced spin-off of its outdoor products and accessories business as a tax-free stock distribution to its stockholders in late summer 2020, a transaction that would create two independent, publicly traded companies: Smith & Wesson Brands (which would encompass the firearm business) and American Outdoor Brands (which would encompass the outdoor products and accessories business).

The company's common shares will continue to be listed for trading on the Nasdaq Global Select exchange under the new ticker symbol "SWBI" beginning at the market opening on Monday, June 1.